AAPL Stock: 117.81 ( -0.22 )

Printed from

Canon to cut $4.8b in costs using robotics

updated 09:45 pm EDT, Tue March 13, 2012

Strong Yen expected to affect profits

Canon is reportedly planning to slash production costs by at least 400 billion yen (~$4.8 billion USD) by expanding its use of robotics. The strategy move is said to be related to the strength of Japan's yen currency, which is expected to negatively impact the company's annual profits by as much as 100 billion yen (~$1.2 billion USD).

The company is said to be planning to add additional robots to its toner production processes. New implementations are also expected to be added to assembly lines for interchangeable lenses used by SLR cameras, according to a Nikkei report that was quoted by Reuters.

Canon is said to be aiming to increase sales to reach 5 trillion yen (~$60.2 billion USD) by fiscal year 2015, representing a significant increase over revenues for the fiscal year 2011.

by MacNN Staff




Login Here

Not a member of the MacNN forums? Register now for free.


Network Headlines

Follow us on Facebook


Most Popular


Recent Reviews

Ultimate Ears Megaboom Bluetooth Speaker

Ultimate Ears (now owned by Logitech) has found great success in the marketplace with its "Boom" series of Bluetooth speakers, a mod ...

Kinivo URBN Premium Bluetooth Headphones

We love music, and we're willing to bet that you do, too. If you're like us, you probably spend a good portion of your time wearing ...

Jamstik+ MIDI Controller

For a long time the MIDI world has been dominated by keyboard-inspired controllers. Times are changing however, and we are slowly star ...


Most Commented